View Poll Results: What I did to my equity holding since August 1st, 2007
|
I don't like this poll.
|
|
3 |
1.95% |
Sold 75+%
|
|
3 |
1.95% |
Sold 50+%
|
|
0 |
0% |
Sold 25+%
|
|
0 |
0% |
Sold 10+%
|
|
4 |
2.60% |
Stayed put. No buying, no selling.
|
|
110 |
71.43% |
Bought 10+% more
|
|
29 |
18.83% |
Bought 25+% more
|
|
3 |
1.95% |
Bought 50+% more
|
|
1 |
0.65% |
Bought 75+% more
|
|
1 |
0.65% |
|
|
08-18-2007, 11:25 AM
|
#41
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
He must be unacquainted with markets. What he is talking about is a split, not a reverse split. When stock is reverse split it is usually some stock which has fallen below a dollar, or down to a few bucks. A reverse split, often done 1:4 or maybe 1:10 restores it to a respectable level where it is unlikely to get de-listed, or to be stricken off eligibility lists for some institutions. So in a 1:10 split one might have had 1000 shares trading at $1, after one will have only 100 shares. Theoretically these should trade at $10, but of course they may not. Sometimes they drift on down especially in weak markets. I think some people will buy very low cost shares at times just because their per share $ cost is low. "Penny Stocks".
The weird trading that can take place in very low priced issues is almost funny.
As regards the Dow, and its daily movement, I think people are getting used to thinking in percentages. The radio usually announces, "The Dow closed at 13,111.03 today, falling 131 points or 1% on the day." Also, hearing changes in the Dow, S&P and Nasdaq all with quite different base numbers moves people toward thinking in percentages.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
08-19-2007, 09:04 AM
|
#42
|
Recycles dryer sheets
Join Date: Feb 2006
Posts: 86
|
For all those who "harvested your losses". I'm sure you know, you can't sell and then immediatly rebuy the same stock. (unless you do that in a IRA). That just creates a wash sale. Also be aware of selling taxable items, and buying them inside the IRA withing +/- 30 days.
wash sale - Google Search
I'm not sure about selling one ETF that tracks some index, and buying a different ETF that tracks the same index. I'd guess that creates a wash sale as well, but I don't know for sure.
Just a little heads up.
Laters,
-d.
|
|
|
08-19-2007, 03:05 PM
|
#43
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
|
Just got back from a road trip to find that it is Dec 15th 2006 all over again! Maybe I will finally get rid of some of that accumulated cash from profit-taking in the last 9 months. I love a sale.
__________________
For the fun of it...Keith
|
|
|
08-19-2007, 05:01 PM
|
#44
|
Thinks s/he gets paid by the post
Join Date: Jun 2006
Posts: 1,703
|
Quote:
Originally Posted by dgalbraith100
I'm not sure about selling one ETF that tracks some index, and buying a different ETF that tracks the same index. I'd guess that creates a wash sale as well, but I don't know for sure.
|
Negative. Unless the IRS rules otherwise, it's a free lunch. Woohoo!
__________________
Emancipated from wage-slavery since 2002
|
|
|
08-21-2007, 03:09 PM
|
#45
|
Moderator Emeritus
Join Date: Jun 2007
Location: At The Cafe
Posts: 6,873
|
I re-balanced (using tax-deferred accounts) on July 16, nice profit! Sold some more on August 2 (tax-deferred) and August 15 (some taxable), all at big profits over cost basis. When I clicked the last sale, it was like, "F*** it, I'll pay the taxes. Slept very well on the 17h. I am currently 3.4% in equities. Go ahead, Fed, lower the rates, my ginnies await!
I'm looking to get back into equities seriously with new money in the Spring of '08.
Cuppa
|
|
|
08-21-2007, 05:28 PM
|
#46
|
Full time employment: Posting here.
Join Date: May 2006
Posts: 696
|
nada
__________________
Oh, you hate your job? Why didn't you say so? There's a support group for that. It's called EVERYBODY, and they meet at the bar.--Drew Carey
|
|
|
Sold 3% so voted "did not sell".
08-22-2007, 09:05 PM
|
#47
|
Full time employment: Posting here.
Join Date: Jan 2007
Location: Southern Louisiana
Posts: 519
|
Sold 3% so voted "did not sell".
I also just got back from a road trip (2 weeks) with no access to internet. I only heard small snipits of CNN and watched the Markets tumble. When I finally checked my 401K, I am still up 5.5% for the year. Believe you me, I thought it was going to be really ugly and I didn't want to even look. I transferred 3% from one fund to another so I didn't really sell anything.
I'm riding it out. I heard a lot of good comments from others on the forum and we still might all be doing a lot better by year's end.
Here's wishing everyone a good ride.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|